Why Rupee Lags Asian Currencies in Weak Dollar

  Published 1 year ago

India's negative NIIP causes rupee to lag Asian peers in weak dollar, as surplus nations like Singapore and South Korea boost currencies via positive NIIPs.

  • India owes $350B more abroad than owns dragging rupee down.
  • Positive NIIPs in Singapore, South Korea boost currencies during dollar decline.
  • Hedging demand in Asia repatriates capital, lifting local currencies like Taiwan's.

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